Whole Section

  • 10.5 Obligations of a Trading Member

    • 10.5.1

      When accessing a Foreign Market via the Exchange Link to trade in Selected Foreign Securities, a Trading Member:—

      (1) transacts with SGX-SPV as principal;
      (2) is not relieved of any obligation or liability otherwise applicable to it;
      (3) is solely responsible for the accuracy of details of Orders and other trading messages that are entered by it or on its behalf; and
      (4) owes its obligation in relation to Orders to SGX-SPV.
    • 10.5.2

      The following Rules apply to an Order executed on a Foreign Market via the Exchange Link by SGX-SPV:—

      (1) the settlement obligations are owed by the Trading Member (if it is a Clearing Member) or its qualifying Clearing Member to CDP instead of SGX-SPV; and
      (2) SGX-SPV's settlement obligations are owed to CDP.
    • 10.5.3

      A Trading Member is responsible for its Order, regardless of whether the Trading Member authorised the sending of the Order.